Usd.Cad looks very interesting from a short term scalping/day trading perspective and although early days perhaps even a build up for a longer term position.We will be scalping this, and on the chart below we show a Purple Trace of what we think might happen. Potential is for good run after a move Read more…
This one has been moving for active traders all day – again +30 (snapped as it slipped back).
Scalping is taking profits quickly as you read the lower time-frame candles.
Live shot – Here I took +10. Now I am back in again currently +9
Potential for experienced and active traders.
Usd.Cad is still in a channel, so watch for potential trades off the
The action is currently forming a bullish Flag on the 1H chart as it retraces towards the Kumo looking for support. We would prefer to see a good reversal pattern before or around the Read more…
I know quite a few of our more experienced members jumped on this on Friday night as various levels even as low as 1.0460, and although we did mention getting long in the yellow coloured Kumo I know quite a number of our new and less experienced members did not get set.
I will give a new signal for a longer term trade when it comes, and in fairness to those people who missed out I will not add the 81 pips we gained from that trade to our monthly total. (Our trade hit the TP at 1.0650)
I know from messages and comments that some of our members placed long orders near the red line, so they will wake up very happy with circa +150 pips on their USD.CAD account line.
Amit reported not being able to see the yellow Kumo, not sure if anyone else has a similar problem, but it appears OK on my screen. Anyway, I’ve updated the chart, and we can see the price went on a roller coaster ride (the retracement I expected and mentioned) due to the Canadian announcements yesterday. We will look for a retrace and confirmation
Heres a look at the 1H chart – we will start looking at a possible position if/when the price action approaches the Kumo painted yellow and gives the required reversal signal.
The following information and chart is for members only
We took some very nice large profits on the Usd.Cad positions last time, and I think the time is ripe for a re-evaluation of the current position as it stands. I have already started scaling in a few early positions, and all being well I believe we can confidently look towards a target of 500 pips and maybe even 800 pips.
Lets look at the chart……..
The following information chart is available for members only Read more…
As I mentioned over the weekend……… ” just a little further to go in the short term – perhaps towards 1.0750-1.0780 level, (see charts)……but keep bringing your stop up or trailing it around the 55/65 pip mark
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